Charles Llewellen Palmer, CEO of Standard Financial Group Limited and a director and de facto CEO of Financial Limited and Investments Limited, has referred an FCA decision to the Tribunal. FCA considers Mr Palmer failed to take adequate steps to ensure the firms’ appointed representatives and individual advisers who had approval to perform the customer function would give suitable advice to approximately 40,000 customers. Separately, it fined former risk management director at the group, Paivi Grigg, £14,807 for failing to ensure the network’s risk management framework was adequate to mitigate risks to the group’s customers. It found that she failed properly to understand and carry out a number of her specific responsibilities. Ms Grigg has not disputed the finding. (Source: Individual Refers FCA Decision to Tribunal)
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Individual refers FCA decision to Tribunal
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